Exness a book or b book
What Does A-book and B-book Mean?
The terms A-book and B-book refer to two different models of how brokers handle client orders.
A-book Model
In the A-book model, the broker acts as a bridge. Orders are passed through directly to external liquidity providers (such as banks or institutional market makers). The broker earns from spread or commission but doesn’t trade against the client.
B-book Model
In the B-book model, the broker takes the opposite side of a client's trade. If the client wins, the broker loses — and vice versa. It’s called internal execution or “market making.”
Comparison Table: A-book vs B-book
| Feature | A-book | B-book |
|---|---|---|
| Order Execution | External liquidity providers | Broker internalizes trades |
| Broker as Counterparty | No | Yes |
| Conflict of Interest | Low | Higher potential conflict |
| Revenue Source | Spread/commission | Client losses, spread |
| Slippage Possibility | Yes (based on market depth) | Controlled by broker |
So, Is Exness A Book or B Book?
The direct answer to exness a book or b book is: both. Exness uses a hybrid execution model, depending on the account type, trading conditions, and client profile. For many accounts, especially Raw Spread and Zero, Exness functions in an A-book style — passing trades to liquidity providers. In other cases, Exness may internalize smaller or low-risk trades under a B-book structure.
Account Execution Models on Exness:
| Account Type | Execution Type | A-book or B-book |
|---|---|---|
| Standard | Market maker | Mostly B-book |
| Pro | Instant execution | Mixed |
| Raw Spread | Market execution | Mostly A-book |
| Zero | Market execution | Mostly A-book |
Exness has stated in its public disclosures and legal documents that it applies risk-management technology to route orders accordingly. This means the execution model may change based on the trade size, risk, and liquidity availability.
Why Use a Hybrid Model?
A hybrid model allows flexibility in managing risk and liquidity. It helps brokers like Exness maintain fast execution, narrow spreads, and system stability during high-volume periods.
Benefits of a Hybrid Execution Model:
- Optimized pricing: Combining internal and external execution helps stabilize spreads.
- Risk balancing: Brokers manage overall exposure better.
- Execution speed: Orders may be routed based on speed requirements.
- Cost control: Helps keep commission and spreads competitive.
How Exness Routes Orders
Exness uses an internal algorithm to determine whether to process trades internally or externally. Factors considered include:
Routing Criteria:
- Trading instrument
- Trade volume
- Client’s trading history
- Market volatility
- Liquidity availability from providers
Simplified Example of Routing:
| Condition | Routing Decision |
|---|---|
| Small order in high-liquidity market | Likely internal (B-book) |
| Large volume order in volatile market | Likely external (A-book) |
| EA-based scalping strategy | Sent to external LPs |
| New client, small capital | Managed internally |
Execution Transparency at Exness
Although Exness doesn’t label individual trades as A- or B-book, clients can analyze execution speed, slippage, and trade receipts to get insights. The platform allows traders to review trade confirmations, which show time and price execution.
Tools and Transparency Features:
| Feature | Description |
|---|---|
| Trade history exports | Available in MT4/MT5 |
| Execution time records | Included in logs |
| Order receipt | Confirms price, volume, and time |
| No requotes (on ECN types) | Applies to Raw Spread and Zero accounts |
Pros and Cons of Trading with a Hybrid Model Broker
| Pros | Cons |
|---|---|
| Access to both deep liquidity and internal spreads | Less clear trade routing |
| Flexibility in order execution | Variable execution depending on size |
| Faster processing for smaller orders | Possible conflicts in internal deals |
| Suitable for different strategies | No client-side model control |
Final Thoughts
To sum up, the question exness a book or b book doesn’t have a single answer — and that’s by design. Exness uses a smart execution system that combines both models. For traders using Raw Spread and Zero accounts, trades are mostly passed through to external providers, making it closer to an A-book experience. For Standard accounts, Exness may handle trades internally, especially smaller or low-risk ones.
Understanding how your trades are processed helps you choose the right account and set realistic expectations. Transparency in trading matters, and knowing how execution works is part of staying informed.
FAQ
- 1. Is Exness a true A-book broker?
- Not entirely. Exness uses both A-book and B-book execution depending on the account and trade conditions.
- 2. Which Exness account types follow the A-book model?
- Raw Spread and Zero accounts primarily use A-book style execution with access to external liquidity.
- 3. Why does Exness use a hybrid model?
- It helps balance execution speed, trading cost, and liquidity depending on each trade's characteristics.
- 4. Can I choose A-book or B-book manually?
- No, trade routing is handled automatically by Exness based on internal rules and risk management.
- 5. How do I know if my trade was A-book or B-book?
- Exness does not label this in trade history, but execution behavior, speed, and slippage can offer clues.